Nigel Green, CEO of financial services firm deVere Group, stated that he believes Cardano (ADA) will reach new heights in 2022.
Green said in a statement. Cardano (ADA) He thinks that the price of ADA has increased due to the excitement of the launch of SundaeSwap, the first decentralized exchange (DEX) built on
Traded under $1.11 on January 11 Cardano (ADA) priceIt rose 44% to $1.60 on Jan. 18.
“The main reason Cardano rose dramatically in price last week is due to the enthusiasm surrounding the today launch of SundaeSwap, which will use the pioneering underlying blockchain technology.”
Green is optimistic that ADA will hit an all-time high this year as smart contract platform Cardano enters its Basho phase, the third phase of five well-defined development phases aimed at improving network scalability and interoperability.
“I’m sure we’ll see Cardano break new all-time records before the end of the year because the updates keep coming. This is inevitably likely to increase their exposure to the cryptocurrency, while also getting investors excited and increasing its price significantly.”
Green thinks ADA could eventually grab market share from leading crypto assets such as Ethereum (ETH) and Bitcoin (BTC).
“Cardano will continue to grow in 2022 and we can expect its price to rise and take more market share from its crypto competitors, including Ethereum.”
ADA hit almost $3.00 in 2021 and is trading at $1.24 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.